Pcm Fund Correlations

PCM Fund

USD 6.67 0.07 1.06%

The current 90-days correlation between Pcm Fund and Pimco Global Stocksplus is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pcm Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pcm Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pcm Fund Correlation With Market

Good diversification

The correlation between Pcm Fund and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pcm Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pcm Fund. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving against Pcm Fund

0.77	SSAGX	Virtus Seix Government	Pair Corr
0.74	BXSL	Blackstone Secured	Pair Corr
0.71	LFRIX	Floating Rate	Pair Corr
0.63	PFN	Pimco Income Strategy	Pair Corr
0.6	BLDPX	Blackrock Low Duration	Pair Corr
0.44	JPS	Nuveen Preferred Sec	Pair Corr
0.44	HGORX	Hartford Growth	Pair Corr
0.35	AGTHX	Growth Fund	Pair Corr
0.31	CSQ	Calamos Strategic Total	Pair Corr
0.81	DXKSX	Direxion Monthly 7	Pair Corr
0.73	DGFZX	Destinations Global Fixed	Pair Corr
0.64	LALDX	Lord Abbett Short	Pair Corr
0.5	MSUSX	Us Real Estate	Pair Corr
0.45	LGANX	Loomis Sayles Limited	Pair Corr
0.4	APWEX	World Energy	Pair Corr
0.32	BLUEX	Amg Managers Brandywine	Pair Corr

Related Correlations Analysis

	PHK	PFL	PCN	PAXS	PFN	PGP	PTY	BTZ	BDJ
PHK		0.34	0.68	0.61	0.4	0.78	0.63	0.86	0.46	PHK
PFL	0.34		-0.1	0.13	0.84	0.3	0.54	0.16	0.03	PFL
PCN	0.68	-0.1		0.82	0.08	0.76	0.56	0.85	0.64	PCN
PAXS	0.61	0.13	0.82		0.24	0.76	0.68	0.76	0.65	PAXS
PFN	0.4	0.84	0.08	0.24		0.38	0.68	0.3	0.07	PFN
PGP	0.78	0.3	0.76	0.76	0.38		0.77	0.85	0.62	PGP
PTY	0.63	0.54	0.56	0.68	0.68	0.77		0.74	0.58	PTY
BTZ	0.86	0.16	0.85	0.76	0.3	0.85	0.74		0.67	BTZ
BDJ	0.46	0.03	0.64	0.65	0.07	0.62	0.58	0.67		BDJ
	PHK	PFL	PCN	PAXS	PFN	PGP	PTY	BTZ	BDJ

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BTZ	+ 0.86	PHK
BTZ	+ 0.85	PCN
BTZ	+ 0.85	PGP
PFN	+ 0.84	PFL
PAXS	+ 0.82	PCN
PGP	+ 0.78	PHK

High negative correlations

PCN

- 0.1

PFL

Risk-Adjusted Indicators

There is a big difference between Pcm Fund performing well and Pcm Fund Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pcm Fund's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PHK	0.40	(0.02)	(0.12)	(0.06)	0.62	(0.43)	0.63	(1.23)	3.51
PFL	0.28	0.01	(0.16)	0.18	0.36	(0.33)	0.62	(0.48)	2.18
PCN	0.32	0.00	(0.12)	0.11	0.58	(0.29)	0.68	(0.65)	2.96
PAXS	0.69	(0.02)	(0.10)	0.03	0.77	(0.81)	1.72	(1.24)	3.48
PFN	0.25	0.03	(0.12)	0.45	0.26	(0.32)	0.55	(0.40)	2.18
PGP	0.65	0.02	(0.06)	0.35	0.81	(0.71)	1.69	(1.38)	5.10
PTY	0.19	0.04	(0.12)	0.57	0.19	(0.22)	0.49	(0.35)	1.74
BTZ	0.46	0.00	(0.09)	0.10	0.62	(0.47)	0.87	(0.95)	3.70
BDJ	0.75	0.02	(0.04)	0.17	0.88	(0.84)	1.61	(1.23)	4.50

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